Private company

Monroe Capital Enhanced Corporate Lending Fund

Investment fund that raised $100 million in 2025 (SEC Form D)2

In its 2026 annual report the company says: “Monroe Capital Enhanced Corporate Lending Fund is a Delaware statutory trust, formed on March 3, 2025. We are a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, and is externally managed by Monroe Capital BDC Advisors, LLC.”5 It is headquartered in Chicago, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersChicago, United States2
  • Incorporated inDE3
  • Business address155 North Wacker Drive, Floor 35, Chicago, Il 606063
  • Filer category, Emerging growth company3
  • Legal formBusiness Trust2
  • Kind of organizationInvestment fund2
  • LEI984500414CMEA4CA0Z312
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address1209 ORANGE ST, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 101174392

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Monroe Capital Enhanced Corporate Lending Fund (“we,” “us,” “our,” “M-LEND” or the “Fund”) is a Delaware statutory trust, formed on March 3, 2025. We are a non-diversified, closed-end management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), and is externally managed by Monroe Capital BDC Advisors, LLC (“MC Advisors”). We filed our election to be regulated as a BDC on November 20, 2025 (the “BDC Election Date”) and intend to elect to be treated for federal income tax purposes, and intend to qualify annually, as a regulated investment company under the Internal Revenue Code of 1986, as amended (the “Code”).5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.96×Debt to equity6

Financial statements

Fiscal year2025
Cash$729.0K6
Total assets$202.1M6
Long-term debt$97.1M6
Total liabilities$100.8M6
Retained earnings$1.4M6
Shareholders’ equity$101.3M6
Shares outstanding3.9B shares6

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Corporate structure

Monroe Capital Enhanced Corporate Lending Fund sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Monroe Capital Enhanced Corporate Lending Fund

  • Wendel Filed SCHEDULE 13G on Monroe Capital Enhanced Corporate Lending Fund, latest Jan 28, 2026
  • Monroe Capital Enhanced Corporate Lending Fund Chicago, Illinois, United States
    • MLEND Financing SPV I LLC Subsidiary · Delaware, United States
    • MLEND Holding Company I, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Monroe Capital Enhanced Corporate Lending Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$729.0K6 Dec 31, 2025

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operation. The principal executive offices of Monroe Capital are located at 155 North Wacker Drive, 35th Floor, Chicago, Illinois 60606. Monroe Capital and its affiliates currently have additional offices, and/or company representatives in New York, New York; Los Angeles, California; San Francisco, California; Austin, Texas; Boston, Massachusetts; Miami, Florida; Naples, Florida; Farmington, Connecticut; Abu Dhabi, United Arab Emirates; Seoul, South Korea; and Sydney, Australia. MC Management furnishes us office space, and we reimburse it for such costs on an allocated basis.

Item 2 of the 10-K filed Mar 9, 2026.5

Leadership

Who has led Monroe Capital Enhanced Corporate Lending Fund, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Zia Uddin2025–now

Chief financial officer

  1. Christopher Robert Lund2025–now
Board members and other officers (5)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • MLEND Financing SPV I LLC Delaware4
  • MLEND Holding Company I, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 21, 20268-K Other events16
  2. Aug 28, 20268-K Other events17
  3. Aug 20, 20268-K Other events18
  4. Jul 20, 20268-K Other events19
  5. Jul 14, 20268-K Shareholder vote20
  6. Jun 22, 20268-K Other events21
  7. Jun 18, 20268-K Other events22
  8. May 20, 20268-K Other events23
  9. Apr 23, 20268-K Other events24
  10. Mar 20, 20268-K Other events25
  11. Feb 20, 20268-K Bylaws or fiscal year changed; Other events26
  12. Jan 22, 20268-K Other events27
  13. Dec 5, 2025New chief executive Zia Uddin becomes CEO9
  14. Mar 3, 2025Founded Monroe Capital Enhanced Corporate Lending Fund is founded2

Filings

64 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 14 major events, 8 insider forms, 1 large holders, 2 private raises, 36 other. The latest 20:

  1. Sep 21, 2026424B3 EDGAR
  2. Sep 21, 20268-K EDGAR
  3. Aug 28, 2026424B3 EDGAR
  4. Aug 28, 20268-K EDGAR
  5. Aug 20, 2026424B3 EDGAR
  6. Aug 20, 20268-K EDGAR
  7. Aug 10, 2026424B3 EDGAR
  8. Aug 10, 202610-Q EDGAR
  9. Jul 29, 2026486BPOS EDGAR
  10. Jul 20, 2026424B3 EDGAR
  11. Jul 20, 20268-K EDGAR
  12. Jul 14, 20268-K EDGAR
  13. Jun 26, 2026424B3 EDGAR
  14. Jun 22, 2026424B3 EDGAR
  15. Jun 22, 20268-K EDGAR
  16. Jun 18, 2026424B3 EDGAR
  17. Jun 18, 20268-K EDGAR
  18. Jun 18, 2026DEFA14A EDGAR
  19. May 20, 2026424B3 EDGAR
  20. May 20, 20268-K EDGAR

The 64 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • WendelSCHEDULE 13G, 1 filing Jan 28, 202628

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 7, 2025Raised $100 million in a private offering of equity Form D: 2 investors so far Form D

SEC filer profile

How Monroe Capital Enhanced Corporate Lending Fund is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMonroe Capital Enhanced Corporate Lending Fund1
  • CIK0002061670
  • Employer ID (EIN)33-69564975
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Business address155 North Wacker Drive, Floor 35, Chicago, IL 606061
  • Phone312-258-83001
  • Shares outstanding3,948,488 Common Class I shares as of Mar 9, 20265
  • Public float$0 as of Dec 31, 20256
  • AuditorGRANT THORNTON LLP, Chicago, Illinois PCAOB ID 248; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceApr 4, 20251
  • Filings70 in all: 424B3 (18), 8-K (14), 3 (8), 40-APP (3), DRS/A (3), POS EX (3), 10-Q (2), 40-APP/A (2)1
    All 24 form types

    N-2/A (2), 10-K (1), 40-17G (1), 486BPOS (1), 8-A12G (1), APP WD (1), D (1), D/A (1), DEF 14A (1), DEFA14A (1), DRS (1), EFFECT (1), N-2 (1), N-54A (1), N-6F (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 9, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Sep 21, 2026

Securities registered for trading

ClassSymbolExchange
None

From the cover page of the 10-K filed Mar 9, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Monroe Capital Enhanced Corporate Lending Fund names in Item 1A of its 10-K filed Mar 9, 2026: 78 risks under these headings, as written.5

  • Risks Relating to Our Business and Structure
  • We are a new company and have a limited operating history.
  • We depend upon MC Advisors' senior management for our success, and upon its access to the investment professionals of Monroe Capital and its affiliates.
  • MC Advisors is dependent upon key investment personnel and resources provided to it by MC Management under a staffing agreement.
  • Our business model depends to a significant extent upon strong referral relationships with financial institutions, sponsors and investment professionals. Any inability of MC Advisors to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • Our financial condition and results of operations depend on our ability to manage our business effectively.
  • There may be conflicts related to obligations that MC Advisors' senior investment professionals and members of the Investment Committee have to other clients.
  • MC Advisors or the members of the Investment Committee may, from time to time, possess material nonpublic information, limiting our investment discretion.
  • Our management and incentive fee structure may create incentives for MC Advisors that are not fully aligned with the interests of our shareholders.
  • Our incentive fee may induce MC Advisors to make certain investments, including speculative investments.
  • The investment advisory agreement with MC Advisors and the administration agreement with MC Management were not negotiated on an arm’s length basis and may not be as favorable to us as if they had been negotiated with an unaffiliated third-party.
  • Our ability to enter into transactions with our affiliates is restricted, which may limit the scope of investments available to us.
The other 67 risks
  • We operate in a highly competitive market for investment opportunities, which could reduce returns and result in losses.
  • We will be subject to U.S. federal income tax imposed at corporate rates if we are unable to qualify or maintain qualification as a RIC under Subchapter M of the Code.
  • We could raise capital through other channels.
  • We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income.
  • Regulations governing our operation as a BDC affect our ability to and the way in which we raise additional capital.
  • The 1940 Act allows us to incur leverage, which could increase the risk of investing in us.
  • We have entered into the DB Credit Facility and expect to enter into one or more revolving credit facilities and may use other borrowed funds to make investments or fund our business operations, which exposes us to risks typically associated with leverage and increases the risk of investing in us.
  • Provisions in any credit facility or other financing arrangement may limit discretion.
  • A substantial amount of our assets may be subject to security interests under a credit facility or other financing arrangement, and if we default on our obligations under such facility or other financing arrangement, we may suffer adverse consequences, including foreclosure on our assets.
  • We are subject to risks related to corporate social responsibility.
  • We are exposed to risks associated with changes in interest rates.
  • If we do not invest a sufficient portion of our assets in qualifying assets, we could fail to qualify as a BDC, which would have a material adverse effect on our business, financial condition and results of operations.
  • Many of our portfolio investments are recorded at fair value as determined in good faith by the Valuation Designee and, as a result, there may be uncertainty as to the value of our portfolio investments.
  • Legislative or regulatory tax changes could adversely affect investors.
  • We may experience fluctuations in our quarterly operating results.
  • Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy.
  • Uncertainty about U.S. government initiatives could negatively impact our business, financial condition and results of operations.
  • Our Board may change our investment objective, operating policies and strategies without prior notice or shareholder approval, the effects of which may be adverse.
  • Our Board may, subject to certain exceptions, amend or supplement our Declaration of Trust without shareholder approval.
  • Our Declaration of Trust includes exclusive forum and jury trial waiver provisions that could limit a shareholder’s ability to bring a claim or, if such provisions are deemed inapplicable or unenforceable by a court, may cause the Fund to incur additional costs associated with such action.
  • MC Advisors can resign on 120 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • MC Management can resign on 120 days’ notice from its role as our administrator under the Administration Agreement, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • There are significant financial and other resources necessary to comply with the requirements of being a public reporting entity, and non-compliance with such requirements may adversely affect us.
  • We are an “emerging growth company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our shares less attractive to investors.
  • Efforts to comply with the Sarbanes-Oxley Act involve significant expenditures, and non-compliance with the Sarbanes-Oxley Act may adversely affect us and the value of the Common Shares.
  • Global economic, political and market conditions could have a significant adverse effect on our business, financial condition and results of operations.
  • Events outside of our control, including relating to public health crises, supply-chain disruptions, geopolitical conflicts, including acts of war, and inflation, could negatively affect our portfolio companies’ and our results of operations and financial condition, as well as the amount or frequency of our distributions to shareholders.
  • Capital markets may experience periods of disruption and instability. Such market conditions may materially and adversely affect the debt and equity capital markets, which may have a negative impact on our business and operations.
  • Downgrades of the U.S. credit rating, impending automatic spending cuts or another government shutdown could negatively impact our liquidity, financial condition and earnings.
  • The failure in cyber security systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning, could impair our ability to conduct business effectively.
  • A data breach could negatively impact our business and result in significant penalties.
  • We may incur lender liability as a result of our lending activities.
  • We may incur liability as a result of providing managerial assistance to our portfolio companies.
  • Changes to United States tariff and import/export regulations could negatively affect us and our portfolio companies.
  • MC Advisors may not be able to achieve the same or similar returns as those achieved by our senior management and investment teams while they were employed at prior positions.
  • We are subject to risks relating to our third-party service providers.
  • There is a possibility of different information rights.
  • We may enter into arrangements or other agreements with a particular shareholder modifying such shareholder’s rights.
  • We are subject to risks associated with artificial intelligence and machine learning technology.
  • Risks Related to Our Investments
  • We and our affiliates expect to hold controlling and non-controlling interests in other private fund managers which could preclude us from pursuing certain investments. In addition, from time to time, we may lend to, or otherwise invest in, unaffiliated registered investment advisors, which may create conflicts of interest.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • We and our portfolio companies may maintain cash balances at financial institutions and exceed federally insured limits and may otherwise be materially affected by adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties.
  • Inflation may adversely affect the business, results of operations and financial condition of our portfolio companies.
  • Our portfolio companies consist primarily of lower middle-market, privately owned companies, which may present a greater risk of loss than loans to larger companies.
  • We invest primarily in securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated.
  • We may be subject to risks associated with our investments in senior secured loans.
  • We may be subject to risks associated with our investments in junior debt securities.
  • We may be subject to risks associated with “covenant-lite” loans.
  • We may be subject to risks associated with our investments in unitranche secured loans and securities.
  • We may be subject to risks associated with our investments in bank loans.
  • Loans may become nonperforming for a variety of reasons.
  • The lack of liquidity in our investments may adversely affect our business.
  • Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our net asset value through increased net unrealized losses.
  • Our portfolio companies may prepay loans, which prepayment may reduce stated yields if capital returned cannot be invested in transactions with equal or greater expected yields.
  • We may be subject to risks associated with our investments in the business services industry.
  • We may be subject to risks associated with our investments in the technology industry.
  • We may be subject to risks associated with our investments in the healthcare and pharmaceuticals industry.
  • Our investments may be concentrated in the software and technology industries, which involve significant risks, including highly volatile markets and extensive government regulation, which expose us to the risk of significant loss if any of these industry sectors experiences a downturn.
  • We may be subject to risks associated with our investments in the media and entertainment industry.
  • We may be subject to risks associated with our investments in the consumer goods and services industry.
  • We may be subject to risks associated with our investments in the distribution industry.
  • To the extent original issue discount and payment-in-kind interest constitute a portion of our income, we will be exposed to typical risks associated with such income being required to be included in taxable and accounting income prior to receipt of cash representing such income.
  • We are a non-diversified investment company within the meaning of the 1940 Act, and therefore we are not limited by the 1940 Act with respect to the proportion of our assets that may be invested in securities of a single issuer, and our portfolio may lack diversification among portfolio companies, which may subject us to a risk of significant loss if one or more of these companies default on their obligations under any of their debt instruments.
  • We may hold the debt securities of leveraged companies that may, due to the significant volatility of such companies, enter into bankruptcy proceedings.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio.
  • Because we do not expect to hold controlling equity interests in the majority of our portfolio companies, we may not be able to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies, which could decrease the value of our investments.
  • Defaults by our portfolio companies will harm our operating results.

Legal proceedings

From time to time, we, our executive officers, trustees and our investment adviser, its affiliates and/or any of their respective principals and employees are subject to legal proceedings in the ordinary course of business, including those arising from our investments in our portfolio companies, and we may, as a result, incur significant costs and expenses in connection with such legal proceedings. Legal proceedings may increase to the extent we find it necessary to foreclose or otherwise enforce remedies with respect to any loans that are in default, which borrowers may seek to resist by asserting counterclaims and defenses, against us or our investment adviser. As of December 31, 2025, we were not subject to any material pending legal proceedings.

We and our investment adviser are also subject to extensive regulation, which may, from time to time, result in requests for information from us or our investment adviser or regulatory proceedings or investigations against us or our investment adviser. We may incur significant costs and expenses in connection with any such information requests, proceedings or investigations.

While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, there can be no assurance whether any pending or future legal proceedings will have a material adverse effect on our or our investment adviser’s financial condition or results of operations in any future reporting period.

The opening of Item 3, Legal Proceedings.5

Sources

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